Now Reading: Stock market at the moment: Nifty50 opens in pink; BSE Sensex down 100 factors, slips below 84,000
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Stock market at the moment: Nifty50 opens in pink; BSE Sensex down 100 factors, slips below 84,000
Stock market at the moment: Nifty50 opens in pink; BSE Sensex down 100 factors, slips below 84,000
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Stock market at the moment: Nifty50(*100*) and BSE Sensex(*100*), the Indian fairness benchmark indices, opened in pink on Monday. While Nifty50 was close to 25,600, BSE Sensex was down 100 factors. At 9:17 AM, Nifty50 was buying and selling at 25,620.25, down 18 factors or 0.068%. BSE Sensex was at 83,958.57, down 100 factors or 0.12%.The market trajectory will stay influenced by international components. Despite improved outlook, wariness continues relating to potential tariff will increase, with US tariffs set to renew from July 9, while developments in commerce negotiations stay essential.VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “With S&P 500 and Nasdaq setting new record highs and most other markets in bullish mode, the market construct looks positive. Decline in geopolitical tensions in West Asia, the sharp pull back of Brent crude to $67 and reports of positive developments on the trade front with possibilities of trade deals between US and China and US and some major trade partners augur well for equity markets. Significant contributors to the rally in India in recent days have been largecaps like HDFC Bank, ICICI Bank, RIL and L&T which have seen accumulation by institutions. Weakness in the dollar index continues to support FII inflows and retail optimism continues to support flows into domestic funds.”“It makes sense to remain invested in this bull market but making fresh investments at elevated valuations would be risky.”US markets superior on Friday, with the S&P 500 and Nasdaq reaching new highs, pushed by commerce optimism and anticipated Federal Reserve fee reductions. Asian equities superior alongside futures, bolstered by US market data and commerce discuss progress.Gold costs dropped to their lowest level in over a month on Monday, as bettering commerce relations between the US and China lowered the attraction of safe-haven belongings, main traders in direction of higher-risk investments.Oil costs declined 1% on Monday, influenced by lowered geopolitical tensions in the Middle East and anticipated OPEC+ manufacturing improve in August, indicating improved Foreign portfolio traders bought shares price Rs 1,397 crore internet on Friday, while DIIs bought shares price Rs 589 crore internet.FIIs’ place in futures market decreased from a internet in need of Rs 34,967 crore on Thursday to Rs 33,518 crore on Friday.(Disclaimer: Recommendations and views on the inventory market and different asset lessons given by consultants are their very own. These opinions don’t symbolize the views of The Times of India)
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